TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Jokowi criticizes ministers for issuing regulations unfriendly to investors

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, April 5, 2017   /   12:06 pm
Jokowi criticizes ministers for issuing regulations unfriendly to investors President Joko "Jokowi" Widodo. (Antara/Rivan Awal Lingga)

President Joko “Jokowi” Widodo has criticized his ministers for introducing new regulations that discourage investments and are not in line with his push for economic growth.

Jokowi claimed 23 new regulations prevented easy investment.

“It is a disease. I have said: Don’t issue any regulations that could discourage investment, but they still issue [such regulations]. I don’t know whether they come from ministers or directors general,” said the President during a Cabinet meeting at the Presidential Office in Jakarta on Tuesday as reported by tribunnews.com.

Jokowi, however, did not specify the ministries or offices that had issued such regulations. But presidential chief of staff Teten Masduki explained that the 23 regulations were closely related to supporting regulations on exports and imports.

(Read also: Indonesia eyes Rp 863t investment)

He said that the regulations were not included in the economic packages that had been issued by the government.

Jokowi called on his ministers and other relevant officials to revise their “problematic” regulations to help the government attract more foreign investment. He said that such regulations may disrupt the 5.6 percent economic growth target for 2018. (bbn)